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Technology Stocks : Solucorp Industries (SLUP - OTCBB) -- Ignore unavailable to you. Want to Upgrade?

To: hawkeye who wrote (3196)	11/11/1999 4:33:00 PM
From: hawkeye	Read Replies (3) \| Respond to of 3679

DEAR MR. GOLDSCHMID, GENERAL COUNSEL, Securities and Exchange Commission The following is a copy of a message that was posted on the Solucorp Industries thread of Silicon Investor. As the chief legal officer of the Securities and Exchange Commission, would you please tell me if you disagree with its message. If you do disagree with it, would you please tell me how so. Thank you, ______________, Citizen, US of A cc:Ricahrd Walker, Director, SEC Division of Enforcement Arthur Levitt, Jr., Chairman, Securities and Exchange Commission Janet Reno, Attorney General, U.S. Department of Justice Batman, Dark Knight of Justice ---------------------------------------------------------------------- <<JUSTICE MUST BE SERVED. THAT IS WHAT AMERICA IS ALL ABOUT>>!! HERE IS THE MOST FUNDAMENTAL REASON WHY!!!!!!!!!!!! The Law MUST provide an avenue of recourse here. Justice is blind. Even if, for the sake of illustration, we assume the worst, e.g., that SLUP did something wrong, the law must still provide an avenue to require the SEC to conclude the investigation, tell us what the investigation uncovered, and disclose to the public the evidence of the wrongful activity. ---- OTHERWISE, ASSUME THE FOLLOWING: An evil, vindictive, mean-spirited tyrant is appointed as Chairman of the SEC(Chairman X). Chairman X sets out on a personal/political vendetta ordering his henchman, The Director of the Division of Enforcement, to issue a "temporary" suspension order to a company that has done absolutely nothing wrong except having been a major contributor to Chairman X's opposing political party. The notice of suspension says that "questions have arisen about the company's statements and accounting practices". Ten days later, the price of the company's stock plummets and the SEC commences an investigation. The investigation drags on for two years and longer, without the SEC telling the public what the company did wrong. Chairman X dispatches armed agents of the FBI to harass his critics on the grounds that they have made statements that Chairman X considers to be threating. --- WHAT RECOURSE WILL THAT COMPANY HAVE IF LEGAL RECOURSE IS NOW DENIED TO SOLUCORP AND ITS SHAREHOLDERS????????? IN THE EYES OF THE LAW, THERE IS NO DISTINCTION BETWEEN THE TWO POSSIBLE SCENARIO'S!!! THE SEC MUST DISCLOSE TO THE PUBLIC WHAT SLUP DID WRONG AND THE EVIDENCE THAT SUPPORTS ITS FINDINGS -- OTHERWISE THE LIBERTY OF ALL MAY AT SOME FUTURE TIME BE DENIED........JUSTICE DELAYED IS JUSTICE DENIED!!!!!!!!!! ---------------------------------------------------------------------- !!!!!!!!!!!!THE WHOLE SI SLUPPIE NATION IS WATCHING!!!!!!!!!!!!!!

To: hawkeye who wrote (3196)	11/12/1999 12:30:00 AM
From: hawkeye	Respond to of 3679

The very act of imposing the "drastic" sanction of a "temporary" suspension has known, immediate, inevitable, direct, severe, and foreseeable long-term consequences, the direct effect of which are to impose a substantial financial penalty on the Company and its shareholders. This unacknowledged penalty is the direct result of the SEC's own Rules. Note the standard "boiler-plate" in the SEC's standard notice of a trading suspension: "The Commission cautions broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company. Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not it has complied with the rule, it should not enter any quotation but immediately contact the staff of the Securities and Exchange Commission in Washington, D.C. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, it should refrain from entering quotations relating to the securities of ____________ until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action."